Global Market for Artificial Kidney- Overview
The artificial kidneys are used in cases of chronic kidney disorders and during the absence of kidney donors. Artificial kidneys help assist with dialysis procedure anywhere and anytime. The increasing kidney-related diseases have boosted the market growth and are expected to show a growth rate above 90 % growth rate during the survey period. The primary function of the artificial kidney is to replicate the role of the kidney and to decrease the need for analysis. Patients with acute kidney disorders use this equipment for blood purification like real kidneys.
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In recent times, the researches are in process to search for non-invasive dialysis methods and develop the dialysis procedures. The extensive investments towards research and development programs of artificial kidneys are the major factor driving the market and increasing its share. Increase in the cases of kidney failures due to unhealthy lifestyles and spreading of chronic disease like diabetes, blood pressure is also responsible for the rapid growth of the market. People are also getting aware of the dangers and conditions due to renal disorders, which is helping the market in gaining a robust presence globally.
Apart from all these vital functions and higher demands, the global artificial kidneys market is facing problems from the engineering defects and the large size of the artificial kidney. Companies and authorities are continuously searching for better alternatives to provide better options to the patients and directly enhancing the global market growth.
Segments of the Artificial Kidney global market
The global artificial kidney market is segmented into three parts:
Types: There are two types of artificial kidneys, namely Wearable Artificial Kidney and Implantable Artificial Kidney.
Dialysis based: Haemodialysis and peritoneal dialysis procedures are there.
End-User: Hospitals and clinics are the major end-users of this market.
Regional Market Summary
The artificial kidney market is observed based on four major regions, namely, America, Europe, Asia Pacific and The Middle East & Africa.
The American market is the current market leader and will stay in the first position during the forecast period. This region has a well-established healthcare system, extensive production facilities and rapid increase in the patients’ count, which are the main reasons for the faster growth of the market here. The European market is at the second position due to higher investments towards the related research & development programs, increase in diseases responsible for kidney disorders and demands for better healthcare facilities.
The Asia Pacific region is the third-largest market in the world. Still, it will emerge as the fastest-growing market because of increasing awareness about renal diseases, increasing number of patients, huge investments and demand for better medical services. The developing economies like India Japan and China are the major shareholders of the market
The Middle East & African regions are showing slow growths due to inadequate medical facilities and struggling healthcare systems.
Recent Industry News
The global artificial kidney market is growing at booming speeds, but the factors like the large size and engineering defects in the products are slowing down this process. The American market is the largest and will stay at the top, whereas the Asia Pacific market will emerge as the fastest-growing market.
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